Asia-Pacific region looks to e-payment

Some Asia-Pacific countries represent important growth markets for e-payment vendors as these countries embrace payment-process automation for the first time, according to a report from Datamonitor.

This is especially true on the mobile-payment side, where Asia is an aggressive growth market, in particular Japan, Korea and Hong Kong, with their advances in mobile-data transmission and 3G infrastructure.

However, most current developments in this area are in the US and, to some extent, Europe.

Indeed, both B2C (business to consumer) and B2B e-commerce growth remains strong in these markets, driving a subsequent requirement for online payments to complete the transaction cycle.

This will result in the growth of e-payments' value from $US1.4 billion ($A2.5 billion) in 2000 to $US3.9 billion in 2005.");document.write("